Enerflex (TSX:EFX) Cash, Cash Equivalents, Marketable Securities : C$141 Mil (As of Dec. 2023)

View and export this data going back to 2011. Start your Free Trial

What is Enerflex Cash, Cash Equivalents, Marketable Securities?

Enerflex's quarterly cash, cash equivalents, marketable securities declined from Jun. 2023 (C$174.18 Mil) to Sep. 2023 (C$174.08 Mil) but then stayed the same from Sep. 2023 (C$174.08 Mil) to Dec. 2023 (C$140.51 Mil).

Enerflex's annual cash, cash equivalents, marketable securities increased from Dec. 2021 (C$172.76 Mil) to Dec. 2022 (C$253.78 Mil) but then declined from Dec. 2022 (C$253.78 Mil) to Dec. 2023 (C$140.51 Mil).

Enerflex Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Enerflex's Cash, Cash Equivalents, Marketable Securities can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Enerflex Cash, Cash Equivalents, Marketable Securities Chart

Enerflex Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash, Cash Equivalents, Marketable Securities

Get a 7-Day Free Trial

96.26

95.68

172.76

253.78

140.51

Enerflex Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial															253.78	262.44	174.18	174.08	140.51

Enerflex Cash, Cash Equivalents, Marketable Securities Calculation

Cash and cash equivalents are the most liquid assets on the balance sheet. Cash equivalents are assets that are readily convertible into cash, such as money market holdings, short-term government bonds or Treasury bills, marketable securities and commercial paper.

Marketable Securities are very liquid securities that can be converted into cash quickly at a reasonable price.

Enerflex (TSX:EFX) Cash, Cash Equivalents, Marketable Securities Explanation

Marketable securities are very liquid as they tend to have maturities of less than one year. Furthermore, the rate at which these securities can be bought or sold has little effect on their prices.

A high number means either:

1) The company has competitive advantage generating lots of cash

2) Just sold a business or bonds (not necessarily good)

A low stockpile of cash usually means poor to mediocre economics.

There are 3 ways to create large cash reserve.

1) Sell new bonds or equity to public

2) Sell business or asset

3) It has an ongoing business generating more cash than it burns (usually means durable competitive advantage)

When a company is suffering a short term problem, Buffett looks at cash or marketable securities to see whether it has the financial strength to ride it out.

Important: Lots of cash and marketable securities + little debt = good chance that the business will sail on through tough times.

Test to see what is creating cash by looking at past 7 yrs of balance sheets. This will reveal how the cash was created.

Enerflex Cash, Cash Equivalents, Marketable Securities Related Terms

Thank you for viewing the detailed overview of Enerflex's Cash, Cash Equivalents, Marketable Securities provided by GuruFocus.com. Please click on the following links to see related term pages.

Enerflex (TSX:EFX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Enerflex Ltd (TSX:EFX) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

EFXT:USA 7EX:Germany

Address

1331 MacLeod Trail SE, Suite 904, Calgary, AB, CAN, T2G 0K3

Website

https://www.enerflex.com

Enerflex Ltd engineers, designs, manufactures and provides aftermarket support for equipment, systems, and turnkey facilities used to process and move natural gas from the wellhead to the pipeline. The company's focus is gas compression, where it offers a range of applications and gas inlet streams, from low-horsepower/low-pressure applications such as coal seam gas and solution gas vapor recovery units to high-horsepower, centralized field, or processing plant compression. Enerflex operates three business segments: the USA, the Rest of the World, and Canada. Each regional business segment has three main product lines: Engineered Systems, After?market Service, and Energy Infrastructure. The USA segment earns the majority of the revenue.